ilovecheese
Registered User
- Messages
- 39
Hi,
Hope I have the right forum.
Ive posted in Insurance ( Just Realised Have 2 House Insurance Policies ) about how I just realised that a one year home insurance policy we cancelled/never renewed 2 years ago is actually still in force and premiums have been taken from our account for the last year to pay for it.
The way the premiums are paid is a lending agreement is taken out whereby a credit institute gives the amount of the yearly premium to the brokers and we pay the credit institute back monthly (they said this was the only way they would agree to a monthly direct debit).
In 2008 we signed a credit agreement for a period of 9 months (to cover one years premiums). The premium the first year was about €32 per month.
However in 2009, the brokers went back to the credit institute, took out more credit in our name to cover our premiums for a second year , but this time the premiums were €45 per month. They did this without our knowledge.
If we agreed to 9 payments of €32 in 2008, is there any way it could possibly be legal for that agreement to somehow give them permission to go and get credit out in our name every year thereafter?
Surely we would have to have signed the second the credit agreement for it to be valid given it was for a different amount and covered a different period?
The brokers also never wrote to us to ask us did we want to renew our policy or to state that they were renewing it - we havent heard from them since we first took out the policy in 2008, but those papers clearly state the term of the home insurance policy was one year.
Hope I have the right forum.
Ive posted in Insurance ( Just Realised Have 2 House Insurance Policies ) about how I just realised that a one year home insurance policy we cancelled/never renewed 2 years ago is actually still in force and premiums have been taken from our account for the last year to pay for it.
The way the premiums are paid is a lending agreement is taken out whereby a credit institute gives the amount of the yearly premium to the brokers and we pay the credit institute back monthly (they said this was the only way they would agree to a monthly direct debit).
In 2008 we signed a credit agreement for a period of 9 months (to cover one years premiums). The premium the first year was about €32 per month.
However in 2009, the brokers went back to the credit institute, took out more credit in our name to cover our premiums for a second year , but this time the premiums were €45 per month. They did this without our knowledge.
If we agreed to 9 payments of €32 in 2008, is there any way it could possibly be legal for that agreement to somehow give them permission to go and get credit out in our name every year thereafter?
Surely we would have to have signed the second the credit agreement for it to be valid given it was for a different amount and covered a different period?
The brokers also never wrote to us to ask us did we want to renew our policy or to state that they were renewing it - we havent heard from them since we first took out the policy in 2008, but those papers clearly state the term of the home insurance policy was one year.